Saturday, November 30, 2013

Qualified Retirement Plan Continued

Lets start were we left off and continue on why Qualified Retirement Plans ares so well designed that they make a perfect fit for everyone. 

To start out the difference in a QRP and an IRA:
  • Contribution amount in an IRA you can contribute 5,000 dollars, and in a QRP maximum is 49,000 dollars
  • You can borrow against your QRP
  • You can not borrow against your IRA
  • You can Finance real estate in your QRP
  • You can not finance real estate in your IRA
  • Asset protection in QRP can not be attacked by anything like
  1. IRS
  2. Creditors
  3. Bankruptcy
  4. Law Suites
  5. Spouses
  6. and so on….
  • On the other hand an IRS can be pierced by everything
  • You can purchase life insurance with a QRP not with an IRA
  • You are your own admin and trustee with no fees
  • No annual maintenance fees
  • Directly in control of all your plan assets
  • Catchup contribution is 5,55 dollars and in an IRA it is 1,000 dollars
  • You can buy a house and rent it that too is allowed
  • You can buy a house and sell it
  • You can make a lot of money with a QRP
In order to have a Qualified retirement Program "QRP" you can have a DBA, LLC or whatever you want to have.

Please visit the web site http://www.QRPRetirementPlan.com it is all there.

Thank you until next time,

Calvin

No comments:

Post a Comment